Avanti Finance funding, investors and company details

Avanti Finance is an emerging Banking and Finance startup from Bengaluru, working in the space of Technology-driven non-banking financial company. Founded by Nandan Nilekani, Vijay L Kelkar, Lalitesh Katragadda.

Company: Avanti Finance Private Limited
Sector: Banking and Finance
Location: Bengaluru
Founders: Nandan Nilekani, Vijay L Kelkar, Lalitesh Katragadda
Total funding raised: ₹317.61 Cr

Company overview

Avanti Finance is a technology-driven non-banking financial company focused on providing affordable and accessible financial services to low-income households in India. Its platform operates on principles of being paperless, presence-less, and cashless, delivering hyperlocal livelihood-centric loan products through a network of community-linked partners. Avanti’s model emphasizes sustainable livelihood support, mass customization, rapid deployment of capital, and financial inclusion by leveraging curated data, digital trust, and scalable operations. It caters primarily to agriculture, small businesses, and earned wage loans for underserved segments with an asset-light, technology-heavy approach.

Funding rounds

Latest round: $ 14.20 Mn (₹121.48 Cr.), 2024-12-11. Investors: Dia Vikas Capital, IDH Farmfit Fund, NRJN Family Trust, Rabo Partnerships
Past round: $ 24.00 Mn (₹196.13 Cr.), 2023-04-03. Investors: Rabo Partnerships, Oikocredit, NRJN Family Trust